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Why Kenya

About Tanzania

The United Republic of Tanzania was established in 1964 when the sovereign states of Zanzibar and Tanganyika united. Tanzania encompasses 947,300 km2, which includes 54,337 km2 of inland water. The island of Pemba is roughly 984 km2 and the island of Zanzibar is 1,657 km2. One of the five East African countries, Tanzania is located south of the equator. Mainland Tanzania is situated between the area of Tanganyika, the Great Lakes of Victoria, Nyasa and the Indian Ocean. It boasts roughly 1,400 kilometres of coastline and is bordered by eight countries: The Republic of Uganda, The Republic of Burundi, The Republic of Kenya, The Republic of Rwanda, The Republic of Zambia, The Republic of Malawi, The Democratic Republic of the Congo and The Republic of Mozambique. Due to six of these countries being landlocked, Tanzania provides natural access to the region.

Strong and growing government support for the subsector

The relationship between the garment and textile subsector and the Government of Tanzania continuously grows stronger. In 2012, the government established the Textile Development Unit (TDU) at the Ministry of Industry and Trade, with the chief task being to support the growth of a large and globally competitive garment and textile subsector. The Textile and Garment Manufacturers Association of Tanzania (TEGAMAT) was established in 2013 to represent the industry’s interests. TEGAMAT, the TDU and the government are working closely together to improve the incentives for investors, input quality, the upgrading of the industry and the regulatory environment. Additionally, the TDU will assist new investors to find empty factory space in identified regions and connect investors with joint venture partners.

Investment guarantee

In Tanzania, investors are guaranteed against expropriation and nationalization. The country is a signatory of several bilateral and multilateral agreements on promotion and protection of investments. For example, the country is a member of Africa Trade Insurance Agency (ATIA) and the Multilateral Investment Guarantee Agency (MIGA). Predictable fiscal investment regime Due to its predictable fiscal investment regime, its foreign direct investments are increasing. Meanwhile, structural and economic reforms have resulted in considerable progress in creating an effective market economy, making it among the world’s top 10 fastest-growing economies.

Investment incentives

Compared to other African countries, Tanzania has a competitive and well-balanced fiscal incentives package. In order to offer a competitive fiscal regime on foreign trade, the country has signed double taxation treaties with many countries and is still in the process of negotiating with other countries.

Population

According to a July 2018 estimate published by the CIA World Factbook, Tanzania has a population of almost 55.4 million people. Almost half of the population falls into the 0-14 age bracket, while the average life expectancy is 63 years of age.

Languages

Tanzania is a multilingual nation with many different indigenous languages. Swahili and English are the official languages, with the former spoken as the lingua franca by the majority of the population.

Religion

Christianity is the predominant religion in Tanzania, accounting for just over 61% of the population. Islam is also common, accounting for 35% of the population (and almost 100% of the population on Zanzibar).